UK Telegraph: “Research published [October 7, 2011] suggests that many people with private pensions will be as much as 30 per cent worse off compared with those with similar savings who finished work in 2008, because of a combination of tumbling stock markets and interest rates at a record low. PricewaterhouseCoopers, the accountants, said those facing retirement this year would be left “between a rock and a hard place”, forced to consider putting off claiming a pension until market conditions improve. The warning comes after the Bank of England resumed its quantitative easing programme, injecting £75 billion of new money into the economy. That decision alarmed pension managers, who said this would make it harder to fund retirement schemes.”